Tenure: 5 Years

Rate of Interest: @6.60% p.a.

type  OF INTEREST Fixed For the Tenure



In multiples of INR 1000

Maximum Amount Limit

Maximum investment limit is INR 4.5 lakh in single account and INR 9 lakh in joint account. An individual can invest maximum INR 4.5 lakh in MIS (including his share in joint accounts)

Who can Invest

  • (i) a single adult

  • (ii) Joint Account (Maximum 3 adults)

  • (iii) Minor above 10 years of age

  • (iv) A guardian on behalf of a minor

Post Office Monthly Income Scheme

Post office offers POMIS, a monthly income plan which offers interest payable on monthly basis. The scheme where the subscriber is entitled for monthly pay-out for 5 years and the principal amount is refunded on maturity as incase of any bank FD. Hence, with the guarantee by the Government of India it is considered low-risk MIS and generates a steady income. You can invest up to Rs. 4.5 lakhs individually or Rs. 9 lakhs jointly, and the investment period is 5 years. Capital protection is its primary objective thus it makes a viable option for senior citizens or for any person who is looking for regular returns. The rates though are fixed for the tenure but the rates are reviewed by the Ministry of Finance every quarter so please get the rates verified before investing.


  • Account may be opened by individual or jointly by two/three adults NRIs/ HUF cannot open account

  • Interest is paid monthly

  • Interest rate is fixed at the time of investing and stays the same for entire tenure

  • Premature encashment facility is available only after 1 year with penalty of 2% & 1 % if prematurely broken between 1-3 yrs & 3-5 yrs respectively

  • Interest income is taxable but there is no TDS 

  • Nomination facility available

  • Most suitable scheme for senior citizens and for those looking for a regular monthly income

Documents Required 

  • 2 photographs

  • along with a self-attested copy of PAN Card and Aadhaar Card

Revised Rates

w.e.f. 30-06-2020